Tag Archives: us china trade

While our central scenario remains unchanged, we still see downside risks increasing from recent trade escalation.Following on from President Trump’s announcement of a 25% tariff on USD50bn of unspecified imports from China, the US Trade Representative (USTR) last week detailed the list of China-made goods that will be targeted. China reacted swiftly by detailing its own list of counter-tariffs on USD50bn worth of imports from the US. Trump then escalated the rhetoric further when he...

US trade policy's attention is now turning towards China, with a threat of new tariffs. But we see here a lot of political rhetoric.After the tariffs on steel and aluminium, the Trump Administration’s attention now seems to be focused on China as the US’s merchandise trade deficit with China rose to a new high of USD 375bn in 2017. The trade hawks close to Trump – Ross, Lighthizer and Navarro – seem to be having an increasing influence on Trump, and they seem eager to reach a new deal with...